E.B. White on the Meaning of Democracy
I was recently reminded of the brief 201-word essay by E.B. White (1899-1985) on the meaning of democracy (which, I note, is subtly...
Policy Uncertainty *before* 30% Tariffs on EU, Mexico … and Rosie O’Donnell
See here and here. Every morning I wake up, think I can’t see anything more crazy than what occurred yesterday, and then I...
EconTalk #1000 (with Russ Roberts)
0:37Intro. Russ Roberts: Today is May 15th, 2025. There is no guest today. This is a monologue. As far as I know, this...
Alternative Estimates of Output | Econbrowser
GDP is a measure of output from the spending side. A standard alternative measure is Gross Domestic Output (GDO), the average of GDP...
Copper, Bolsonaro (Coffee): Predict Trade Policy Uncertainty for 7/10
Here’s the data through 7/9:
Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom &...
“Trump may actually want a recession…”
That would explain a lot. He’s not very effective at much, but he is effective at setting the preconditions for a recession. From...
Is American Consumption too High?
The Economist asks the question, and says — in part — yes.
Rebalancing the global economy is Donald Trump’s defining cause. China should produce...
